Social Wealth Economic Indicators

= "utilizes a number of national metrics to measure a nation’s human capacity development, as shown by data such as child poverty rates, and a nation’s care investment, as shown by public spending on family benefits and funding for childcare and education".

URL = http://caringeconomy.org/wp-content/uploads/2015/03/Social-Wealth-Economic-Indicators-Full-Report-20152.pdf

Description

John C. Havens:

"As an alternative to the GDP, Eisler and the Center for Partnership Studies have created the Social Wealth Economic Indicators (SWEIs). This system utilizes a number of national metrics to measure a nation’s human capacity development, as shown by data such as child poverty rates, and a nation’s care investment, as shown by public spending on family benefits and funding for childcare and education.

“By measuring both inputs (investments) and outputs (where a society stands),” Eisler says, “SWEIs further show that outputs (human capacity development) are heavily dependent on inputs (care investment). For example, there is a connection between the fact that the United States has the highest child poverty rates of any major developed nation and that it invests the least in early childhood education and support for childcare in families.”

There are other GDP alternatives that also value “worth” over traditional economic metrics. The Genuine Progress Indicator provides formulas to measure the work of parents taking care of kids at home, and indicators like the Gross National Happiness index also prioritize multiple factors beyond economic or financial statistics in an effort to increase overall citizen well-being." (https://qz.com/1174944/the-gdp-is-sexist/)